In One Economics, Many Recipes, leading economist Dani Rodrik argues that neither globalizers nor antiglobalizers have got it right. While economic globalization can be a boon for countries that are trying to dig out of poverty, success usually requires following policies that are tailored to local economic and political realities rather than obeying the dictates of the international globalization establishment. A definitive statement of Rodrik's original and influential perspective on economic growth and globalization, One Economics, Many Recipes shows how successful countries craft their own unique strategies--and what other countries can learn from them. To most proglobalizers, globalization is a source of economic salvation for developing nations, and to fully benefit from it nations must follow a universal set of rules designed by organizations such as the World Bank, the International Monetary Fund, and the World Trade Organization and enforced by international investors and capital markets. But to most antiglobalizers, such global rules spell nothing but trouble, and the more poor nations shield themselves from them, the better off they are. Rodrik rejects the simplifications of both sides, showing that poor countries get rich not by copying what Washington technocrats preach or what others have done, but by overcoming their own highly specific constraints. And, far from conflicting with economic science, this is exactly what good economics teaches.

Acknowledgments ixIntroduction 1


PART A: ECONOMIC GROWTH


Chapter 1. Fifty Years of Growth (and Lack Thereof): An Interpretation 13
Chapter 2. Growth Diagnostics 56
Chapter 3. Synthesis: A Practical Approach to Growth Strategies 85


PART B: INSTITUTIONS


Chapter 4. Industrial Policy for the Twenty-first Century 99
Chapter 5. Institutions for High-Quality Growth 153
Chapter 6. Getting Institutions Right 184


PART C: GLOBALIZATION


Chapter 7. Governance of Economic Globalization 195
Chapter 8. The Global Governance of Trade As If Development Really Mattered 213
Chapter 9. Globalization for Whom? 237


References 243
Index 257